DISCOs are making more money than before, regardless.
Electricity distribution companies on Friday accused the Nigerian Electricity Regulatory Commission of causing about N1.4 trillion revenue shortfall in the power sector by refusing to review the current tariff since 2016.
But, the director of Advocacy and Research at ANED, Sunday Oduntan, said in Abuja on Friday since the current tariff regime took effect on the February 4, 2016, NERC is yet to carry out any review more than three years later.“There has not been a single minor review by NERC. As a result of the high cost of the technical and other inputs in the electricity supply value chain, DISCOs have not been having cost recovery, as they are not allowed to charge cost reflective tariff.
Apart from meeting about 88 percent of their metering obligations to their customers, Mr Oduntan said despite the non-review of electricity retail tariff since 2016, the revenue collection by the DISCOs has continued to soar. Similarly, while ATC & C losses dropped from 23 percent in 2017 to 21 percent in 2018, energy billed grew by 10 percent, from about 18,882GWh to about 20,852 GWh in 2018.
In the fourth quarter of 2017, the report showed energy received by the DISCos rose by 0.3 percent, from about 6,453 GWh to about 6,469 GWh.
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